Prime 8.56+- Acre Development Opportunity in Floral City
Located just half a mile from the renowned Withlacoochee State Trail, this expansive ~8.56-acre property offers tremendous development potential. Currently zoned CL (Low Intensity Coastal & Lakes), the land features a mix of X and AE flood zones, with the majority being buildable in the X zone.
Situated at 8929 East Floral Park Drive, Floral City, the property includes an existing structure that MAY NOT BE livable and MAY require demolition. The site may have an existing septic system and well. However, their condition is unknown and would require further inspection.
This is a fantastic opportunity to invest in a prime location with access to nature, outdoor recreation, and future development possibilities!
8929 E FLORAL PARK DRIVE, Floral City, FL, 34436
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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